GEDEVCO
ActiveGEDEVCO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.20M and a net result of €18.38M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 79% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+68
Solvency95▲+65
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 0.47 in 2024; short-term debt: 29.9% and cash: 20.2% of total assets), and 29.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.1%
Return on assets
179%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €7.20M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
70 d early
2023
61 d early
2022
46 d early
2021
44 d early
2020
43 d early
2019
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€7.20M▲ 777%
2024 · €822k
2018: €-415k
2019: €-552k
2020: €356k
2021: €414k
2022: €501k
2023: €1.16M
2024: €822k
2018 → 2025
Total assets
€10.27M▼ 33.2%
2024 · €15.37M
2018: €11.83M
2019: €9.64M
2020: €10.29M
2021: €11.57M
2022: €12.99M
2023: €13.71M
2024: €15.37M
2018 → 2025
Net result
€18.38M
2024 · €-339k
2018: €-45k
2019: €-137k
2020: €908k
2021: €58k
2022: €86k
2023: €660k
2024: €-339k
2018 → 2025
Working capital
€7.20M
2024 · €-7.73M
2018: €-10.39M
2019: €-8.41M
2020: €-7.88M
2021: €-8.26M
2022: €-9.03M
2023: €-7.22M
2024: €-7.73M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€414k-€501k▲ 20.8%€1.16M▲ 132%€822k▼ 29.2%€7.20M▲ 777%
Operating result€-2k-€-47k▼ 2,537%€575k€-53k€24.97M
Net result€58k-€86k▲ 48.2%€660k▲ 665%€-339k€18.38M
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24.97M after a loss of €53k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10.27M
Equity
€7.20M▲ 777%
Debt
€3.07M▼ 78.9%
The debt ratio falls from 94.7% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
70.1%▲
2024 · 5.3%
Current ratio
3.35▲
2024 · 0.47
Quick ratio
3.35▲
2024 · 0.30
Debt / equity
0.43▼
2024 · 17.70
ROE
255.2%▲
2024 · -41.2%
ROA
179.0%▲
2024 · -2.2%
Debt
€3.07M▼
2024 · €14.55M
Debt ≤ 1 year
€3.07M▼
2024 · €14.55M
Income taxes
€5.93M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€15.37M€10.27M▼
Fixed assets21/28€8.55M€0▼
Tangible fixed assets22/27€8.55M€0▼
Land and buildings22€8.55M€0▼
Current assets29/58€6.82M€10.27M▲
Stocks and contracts in progress3€2.48M€0▼
Stocks30/36€2.48M€0▼
Amounts receivable within one year40/41€3.97M€8.19M▲
Trade receivables40€145k€8.02M▲
Other amounts receivable41€3.82M€174k▼
Cash at bank and in hand54/58€138k€2.08M▲
Deferred charges and accrued income490/1€236k€0▼
Equity and liabilities
Total equity and liabilities10/49€15.37M€10.27M▼
Equity10/15€822k€7.20M▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€33k€50k▲
Non-distributable reserves130/1€33k€50k▲
Legal reserve130€33k€50k▲
Profit (loss) carried forward14€289k€6.65M▲
Amounts payable17/49€14.55M€3.07M▼
Amounts payable within one year42/48€14.55M€3.07M▼
Financial debts43€10.00M€0▼
Credit institutions430/8€10.00M€0▼
Trade debts44€481k€863k▲
Suppliers440/4€481k€863k▲
Taxes, remuneration and social security45-€31k
Taxes450/3-€31k
Other amounts payable47/48€4.07M€2.17M▼
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€26.40M▲
Other operating charges640/8€169€806k▲
Gross operating margin9900€-53k€25.77M▲
Operating profit (loss)9901€-53k€24.97M▲
Financial income75/76B€155k€135k▼
Recurring financial income75€155k€135k▼
Financial charges65/66B€441k€792k▲
Recurring financial charges65€441k€792k▲
Profit (loss) for the period before taxes9903€-339k€24.31M▲
Income taxes67/77-€5.93M
Profit (loss) for the period9904€-339k€18.38M▲
Profit (loss) for the period to be appropriated9905€-339k€18.38M▲
Appropriation of the result
Profit (loss) to be appropriated9906€289k€18.67M▲
Profit (loss) brought forward from the previous period14P€627k€289k▼
Transfer to equity691/2€0€17k▲
To the legal reserve6920€0€17k▲
Profit to be distributed694/7-€12.00M
Return on contributions (dividend)694-€12.00M
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €18.38M
Net result €18.38M after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 3.35
Current ratio from 0.47 to 3.35; short-term debt falls from €14.55M to €3.07M.
31-12
Financial
Equity above €5MEq €7.20M ▲777%
Equity rises from €822k to €7.20M.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-339k ▼151%
Net result drops to €-339k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.16M ▲132%
4 profitable years in a row build equity to €1.16M.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €501k ▲20.8%
3 profitable years in a row build equity to €501k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €908k
Net result €908k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €356k
Equity rises from €-552k to €356k.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gordunakaai 879000 GentGround area
9,646 m²
Building footprint
298 m²
Volume, LiDAR
45 m³
Parcel 44809I0157/00M000, Flanders · tallest building 2.5 m. Linked by address, not a title deed.
1 establishment unit
Gordunakaai 87, 9000 Gent
since 20062.153.740.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0157/00M000 | Flanders | 9,646 m² | 1 · 297 m² | 2.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300F1HEK3DK37WL39
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 1,472 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-05-2006
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
70311
70312
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.